Page 85 - Offshore Wind News Today

General Electric Company (NYSE:GE) Q3 2023 Earnings Call Transcript October 24, 2023 General Electric Company beats earnings expectations. Reported EPS is $0.82, expectations were $0.56. Operator: Good day, ladies and gentlemen, and welcome to General Electric Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. My name is […]

THE Philippines is positioning itself as a leader in the global shift towards clean and sustainable energy solutions, the chief of the Department of Energy (DOE) said on Wednesday. In his speech at the DOE-United States Agency for International Development (USAID) Workshop for Offshore Wind (OSW) Development, Lotilla outlined the Philippines’s strategic plans to excel

Gov. Kathy Hochul on Tuesday announced its awarding contracts for three offshore wind projects and 22 land-based renewable energy projects that will ultimately produce energy to power 2.6 million homes and deliver about 12% of the state’s electricity needs.

Turns out the taxpayer subsidies needed to meet offshore wind's demands are massive.

Utility industry news and analysis for energy professionals.

Of course it is possible the states will simply ditch the targets, or slip them harmlessly into the future, so they can repeatedly reject the high bids.

Until recently expected to displace oil-and-gas companies from mainstream investment portfolios, clean energy stocks have instead become a no-go zone for many. Investors have been pulling money out, wiping over $280 billion from the market capitalization of green stocks globally since their August 2022 peak — not quite boom-to-bust but a dramatic unraveling nonetheless for a market that was all the rage at the turn of the decade.

New York Gov. Kathy Hochul vetoed a bill that would have expedited an offshore wind project off the coast of Long Island and allowed for a transmission line under the public beach in the city of Long Beach. "It is incumbent on renewable energy developers to cultivate and maintain strong ties to their host communities," Hochul wrote in her veto message. "Here, the City Council of Long Beach, the host community for the wind power project, has made clear that, while it suppo...

“The key issue we’ve heard here on the ground again is that the community has not been listened to. This is a community that relies on industries like tourism and also commercial fishing. The tourism is worth up to $660 million a year. Commercial fisheries are around $350 million. This is their livelihoods. When the government came out and tried to have public consultations about this offshore wind zone, the majority of the community didn’t even know there was a con...

Morro Bay’s history of environmental degradation spans generations, and we do not want to see this legacy of disrespect continue.